"The Morning Telegraph"

Sunday, December 17, 1922

GANN FORETOLD RUN OF STOCKS

W.D. Gann has scored another astounding hit in his 1922 stock forecast
issued in December 1921. The forecast called for first top of the bull
wave in April, second top in August, and the final top and culmination
of the bull market October 8 to 15, and strange as it may seem, the average
prices of twenty industrial stocks reached the highest point on October
14 and declined 10 points in thirty-days after that date.

Mr. Gann predicted a big decline for the month of November. He said in
the 1922 forecast - "November 10-14 panicky break." During this
period stocks suffered a sever decline, many falling 10 points or more
in four days and on November 14 lowest average prices were made with 1,500,00
shares traded in on the New York Stock Exchange.

I found his 1921 forecast so remarkable that I secured a copy of his
1922 stock forecast in order to prove his claims for myself. And now,
at the closing of the current year in 1922, it is but justice to say I
am more than amazed by the result of Mr. Gann's remarkable predictions
based on pure science and mathematical calculations.

The North Side News stands for a clean Wall Street and has rendered a
great public service in helping to rid Wall Street of the bucket shop
evil by publishing a series of articles in conjunction with the Magazine
of Wall Street. We believe in banding a fake, and we believe in giving
credit where due.

GANN NO TIPSTER

W. D. Gann is no "Wall Street tipster" sending out market letters
and so-called-inside information - Mr. Gann's results are obtained by
profound study of supply and demand, a mathematical chart of money, business
and commodities. He determines when certain cycles are due, and the order
and the time when market movements will follow.

During the past thirty years many men have proclaimed discoveries and
theories to "beat the Wall Street game," most of which resulted
in loss to their followers. They could always tell by the chart just why
the market did it after it happened. Mr. Gann's theory differs from the
others in that he tells months in advance what stocks are going to do.

His forecast stated that some stocks would make high this year in April,
some in August and others in October - the month when he predicted the
bull movement would culminate. Of a list of a hundred stocks; thirty made
highest price in April and many declined, while others continued higher,
twenty made high during August, and fifty made high of the year in October.
from which the largest decline of the year has taken place.

His 1922 forecast indicated final tops on railroad stocks for August
14. The Dow Jones's averages on rails made high August 21 and reached
the same average levels on September 11 and October 16, but did not exceed
the high made in August, which was made seven days later than the exact
date called for in the forecast.

HIS CHART A FACT

Stock Market accurate long-range forecasting, as W. D. Gann is doing,
sounds almost unbelievable, and how he does it I do not know, but the
writer does know that he does it. My attention was first called to his
1921 Market Forecast, in which he predicted stocks would be bottom in
August, 1921, and advance to December, 1921. They did so. His chart or
graph of the market one year in advance is a fact, and that the course
of the stock market follows it astoundingly close is equally a fact.

Mr. W. D. Gann says the trouble with most chart makers is that they work
with only one factor - space movements or charts which record one to two
points up or down - whereas there are three or more factors to be considered,
space, volume and time. The most vital is time, and back of that is the
cause of recurrence of high or low prices at certain intervals.

I asked Mr. Gann: "What is the cause behind the time factor?"

He smiled and said: "It has taken me twenty years of exhaustive
study to learn the cause that produces effects according to time. That
is my secret and too valuable to be spread broadcast. Besides, the public
is not yet ready for it."

"Water seeks its level," continued Mr. Gann. "You can
force it higher with a pump, but when you stop pumping it requires no
force to cause it to return to its former level. Stocks and Commodities
are the same. They can be forced above their natural level of values to
where lambs lose all fear, become charged with hope and buy at the top.
Then stocks are permitted to sink to a level where hope gives way to despair
and the most rampant bull becomes a bear and sells out at a loss. My discover
of the time-factor enables me to tell in advance when these extremes must,
by the law of supply and demand, occur in stocks and commodities."